NASE Blogs

Reaction to SBA lending changes

Mar 20, 2009

Posted by Maureen Petron - Independent Street, the WSJ small-business blog, wrote about the reaction to President Obama's plan to increase lending to small businesses through the Small Business Administration today.

It isn't that good. Independent Street argues that small businesses don't have assets to put up as collateral for an SBA loan. That they need smaller amounts to get a kick-start, or to grow their business.

That's the exact reason the NASE started the Business Development Grant Program! Ironically, I wrote about our first month's applications just a few days ago, calling it our own little stimulus plan.

So if you aren't thrilled about the idea of applying for an SBA loan, but need a bit of capital to grow your business, check the grant program out!